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There are 17 videos in this series:
A mortgage company can foreclose as soon as 30 days after the account is past due, but most mortgage companies will wait up to 90 days to begin the foreclosure process. Learn more about foreclosures by a mortgage company with advice from an experienced mortgage broker in this free video on personal finance.
Becoming a mortgage lender varies from state to state, but generally, educational courses are required in addition to passing a state exam. Become a mortgage broker or correspondent lender with advice from an experienced mortgage broker in this free video on personal finance.
Working out mortgage repayments requires working with the lending company to organize a new payment plan, whether the late payments are spread out over the life of the loan or the mortgage is modified to get a lower interest rate. Consult the mortgage company to make repayments on late bills with advice from an experienced mortgage broker in this free video on personal finance.
Mortgage refinancing is any mortgage activity, usually when a home owner takes out a second mortgage for repairs, to pay for large bills or to consolidate debts. Understand when to refinance a mortgage with advice from an experienced mortgage broker in this free video on personal finance.
Mortgage rates vary depending on the location, the loan amount and the state of the economy, so shopping around for at least three different lenders is a smart move to get the best rate. Find a great mortgage rate to buy a house with advice from an experienced mortgage broker in this free video on personal finance.
The APR on a mortgage is the annual percentage rate, which is a calculation of the rate of interest and the cost of the loan. Learn more about the annual percentage rate with advice from an experienced mortgage broker in this free video on personal finance.
A mortgage margin is the markup that the bank adds on to the index, or the financial index that drives the rate on the loan, so the margin is essentially the profit made by the bank. Understand more about mortgage margins with advice from an experienced mortgage broker in this free video on personal finance.
Mortgage rates are set by the government, who provides the lending money to the banks, and rates are often directly related to the state of the economy. Find out how loan rates are set with advice from an experienced mortgage broker in this free video on personal finance.
Negotiating low mortgage interest rates can be done by refinancing with your existing lender, as they will work to keep your business. Get tips on lowering an interest rate with advice from an experienced mortgage broker in this free video on personal finance.
Getting a low home mortgage interest rate is possible by being one of the best qualifying customers, which requires paying bills on time, having a high credit score and having job stability. Get the best mortgage rate possible with advice from an experienced mortgage broker in this free video on personal finance.
Comparing low mortgage rates with no down payments involves finding an FHA loan, which only requires a 3 percent down payment, and weighing the benefits and drawbacks with a higher down payment and lower interest rate loan. Find low down payment programs available in many cities with advice from an experienced mortgage broker in this free video on personal finance.
Finding a low interest rate on a 30-year fixed mortgage is best done by consulting with a financial adviser or credit union who can compare interest rates between many different lenders. Find out how to get the lowest interest rate possible with advice from an experienced mortgage broker in this free video on personal finance.
To compare mortgage rates, talk with various lenders, consider a shorter term loan to negotiate better interest rates, and get several quotes from a least a few different lenders. Find the best mortgage rate by shopping around with advice from an experienced mortgage broker in this free video on personal finance.
Fixed mortgage rates can be low in times of economic crisis, so refinancing to get a lower rate or to shorten the term of the loan is best done during slow economic times. Shop around to find a low fixed mortgage rate with advice from an experienced mortgage broker in this free video on personal finance.
Mortgage rates fall when the federal reserve lowers their rates to lend money to banks, in turn creating lower first mortgage rates for borrowers. Get a loan when mortgage rates are low with advice from an experienced mortgage broker in this free video on personal finance.
Making mortgage rate predictions is difficult to do, but several pieces of data are analyzed, and the Federal Reserve is monitored to figure out when rates will be low. Find out how mortgage rates are predicted with advice from an experienced mortgage broker in this free video on personal finance.
Refinancing a first and second mortgage together is a simple process that is quite similar to a first mortgage refinance, but the two loans are combined to get a better overall interest rate. Consolidate debt by refinancing with advice from an experienced mortgage broker in this free video on personal finance.
A mortgage is the pledging of a property to a lender as a security for a mortgage loan. While a mortgage in itself is not a debt, it is evidence of a debt. It is a transfer of an interest in land, from the owner to the mortgage lender, on the condition that this interest will be returned to the owner of the real estate when the terms of the mortgage have been satisfied or performed. The mortgage is, thus, a security for the loan that the lender makes to the borrower. In most jurisdictions, mortgages are strongly associated with loans secured on real estate. In this free video series on personal finance, an experienced mortgage broker offers information on home loans. Find out how to get the best mortgage interest rate, and learn to shop around for different lenders. Understand how mortgage rates are set, and get tips on refinancing a first and second loan. Maintain a great mortgage rate through the life of the loan using this helpful financial guide.
Matthew McKillen Matthew McKillen brings 21 years of industry experience in arranging loans for his clients. He has worked in financial services senior management positions in mortgage banking companies, and has worked in all facets of mortgage brokering.dkdk
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